currency-exchange
Top StoriesAsia Shares Ease, Euro Slugged by Energy Crisis
Top StoriesDollar Dips Ahead of Powell Speech
InvestingShares Slip, Dollar Steady as Investors Await Inflation Data
Top StoriesWall Street Slides With Bond Yields as Recession Worries Flare
Sterling Slammed as BoE Delivers Big Rate Hike but Warns of Long Recession
Date: August 4, 2022
By Joice Alves LONDON (Reuters) -Sterling fell on Thursday after the Bank of England raised interest rates by the most in 27 years as it seeks to tame inflation now seen peaking at more than 13% but also warned that a long recession is on its way. The pound fell 0.35% to $1.2105, having traded...
‘Amazing Journey’: EU Accepts Croatia as 20th Euro Zone Member
Date: July 12, 2022
By Philip Blenkinsop BRUSSELS (Reuters) -European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023, a move hailed as the culmination of an “amazing journey” for a Balkan nation once at war. European Commission Vice President Valdis Dombrovskis said Croatia’s accession confirmed...
UK Stocks Climb More Than 1% After Boris Johnson Quits as PM
Date: July 7, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – UK stocks climbed on Thursday, with the domestically focussed FTSE 250 index hitting a one-week high, after Boris Johnson announced he would quit as British prime minister after he dramatically lost the support of his ministers. The export-oriented FTSE 100 gained 1.1%, while the FTSE 250...
Global Markets Steady but Recession Fears Remain
Date: July 6, 2022
By Tom Wilson, Sam Byford and Tom Westbrook LONDON/SINGAPORE/TOKYO (Reuters) – Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10% plunge a day earlier. The single currency traded at $1.025, a fraction above its weakest...
5 Key Forex Trading Pros Worth Considering
Date: July 5, 2022
Forex trading is a phenomenon that’s spread throughout the world like wildfire. It offers eager individuals the chance to invest their money strategically to reap some rewards. However, never think of forex trading as a get-rich-quick scheme, rather research and learn as much as you can to make informed decisions – there is a lot...
Dollar Boosted by Safety Bid on Rising Recession Fears
Date: July 1, 2022
By Karen Brettell NEW YORK (Reuters) – Pessimism about the outlook for the global economy boosted demand for the safe haven U.S. dollar on Friday while the Australian dollar, a proxy for global growth, tumbled to a two-year low. Rampant inflation and a rush by central banks to raise rates and stem the flow of...